Bitcoin Now Used by “the Google of China”: The Chinese web company Baidu, also known as the “Google of China,”...

T he Chinese web company Baidu, also known as the “Google of China,” is now accepting Bitcoin payments for Jiasule, its anti-DDoS (distributed denial of service) and firewall security product. Baidu is the fifth most trafficked site in the world, according to it’s ranking at Alexa.com. It is also the most trafficked website in China. “This is encouraging news, even more so since it is from China and with a NASDAQ-listed company,” John Matonis, Bitcoin Foundation’s executive director, told Mashable.com in an email. “I am confident that as more companies see the benefits of frictionless payments with low fees, immediate settlement and zero chargebacks, they will want to accept Bitcoin simply to remain competitive,” he said. The Motley Fool declared back in April that Bitcoin was “doomed to fail.” They claimed it was too volatile, had “no fundamentals beyond the news cycle” a...